#ETHCrossed2500

Abraxas Capital is an investment company that has withdrawn approximately $297 million worth of 138,511 ETH from exchanges in the last two days and transferred it to its cold wallet. This indicates an increasing interest in Ethereum from institutional investors following the successful update of the ETH called Pectra. Withdrawing assets from exchanges is often considered a sign that long-term holders expect the price of that coin to rise.